USD/JPY – 1H – BUY

The pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards

A bullish movement up to the next resistance at 160.372 is certain.

Caution: A possible change in the direction of support at 159.731 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

160.372 – 160.593 – 160.567 – 159.731 – 159.538 – 160.421 —
160.14600 – 160.27900 —
49.1921669464 – 58.228880356299 —
– —
160.372 – 1781258400

Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –